Update on MohamedThis is thirty-one-year old Mohamed. He is married and has two children aged two and six. He has two additional dependents who live with him to help his brother with their schooling.
In 1998, Mohamed established his building materials business. He began his business because he wanted to be self reliant after dropping out of school. His business is located on the outskirts and his main customers are contractors, builders and adults. Working 7 days a week and 13 hours a day, he earns about 1,961,087 SLL every month from this business.
He would like a loan in the amount of 5,000,000 SLL. Mohamed has already received and successfully repaid four loans and now requires a new loan in order to pay for additional head pans, shovels, pvc pipes and locks. He hopes that this loan can improve and increase the stock.
In the future, Mohamed plans to improve the business and transform to construction and estate development. He hopes to be able to open outlets within the town. He thanks you for your support.
Previous Loan DetailsThis is 30-year-old Mohamed. He is married, and has two children, aged six and one. He has three additional dependents, who live with him to assist in the shop. In 1997, Mohamed established his building materials business. He began his business to earn income for the family. Working seven days a… More from Mohamed's previous loan »
About the Association or Rural DevelopmentThe Association for Rural Development (ARD) is one of the leading microfinance institutions in Sierra Leone. Established in 1989, ARD has offered individual and group loans to support small-scale businesses across the country for two decades. You can learn more about ARD on its partner profile page, support the organization and its staff by joining the ARD lending team, or lend to another one of its borrowers currently raising funds on Kiva.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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